/impact guide

All you need to know to get started with Impact Alpha

Mike | Abundance 🌟

The meta right now on social media (including Farcaster) is that users create content, art, or ship products, and then have to create distribution channels for their work by driving engagement to it. This creates a perverse incentive to create things that drive engagement instead of things that are actually valuable to people.

With Impact Alpha creators and builders can focus on making the most impactful work for the Farcaster community, while curators are incentivized to proactively look for great content and drive discovery (and tips) to it.

How it works:

As a creator or builder all you need to do is focus on creating things that benefit the Farcaster community. If you have tip allowances you can auto-tip specific curators or the ecosystem at large. 90% of tips go to creators and 10% to curators for their effort.

As a curator you get a daily allowance of $IMPACT points. When your staked casts are upvoted, your daily allowance increases (and vise versa). The best strategy then is to stake points based on the value of casts to the Farcaster ecosystem. Doing so will increase your allowance over time and allow you to stake more points – the more points you have staked on quality casts the more tips you're likely to get. You get 10% of tips that go to your staked casts thru Impact Alpha

Getting started:

Login to Impact Alpha at impact.abundance.id (see demo)

Install the $IMPACT Console Cast Action on your Farcaster client (see demo)

Stake $IMPACT points – use the Cast Action to stake $IMPACT points on great content – the more valuable the content to the ecosystem the more points you should stake (see demo)

Up/downvote (qDAU) – the system depends on curators staking points based on the impact of the cast. If you see inappropriate staking or overvalued casts downvote those. Upvote quality staking. These votes affect the future allowance of curators, so they have an incentive to stake points based on the impact of casts

Unstaking – if you accidently staked too many points on a cast you can unstake the extra points from the cast, as long as no one else up/downvoted on it. A downvote will result in lower future allowance

Multi-tip – you can multi-tip any tip allowances you have thru Impact Alpha frames. If you multi-tip thru the frame of another curator the system would distribute 90% of the tip to a random sample of 10 of their picks (proportionally to points staked), while curator will get 10% of the tip) (see demo)

Auto-tip – before allowances reset Impact Alpha can distribute your remaining $degen, $ham & $hunt tip allowances. You can choose specific curators (to distribute allowances to their picks) or ecosystem-wide (see demo)

Share custom multi-tip frame – you can use Composer Actions to share the picks based on specific curators, channels, and timeframes (make sure your custom selection has curated casts)

Explore – you can explore curated content in the app or by tapping on Explore in frames (see demo)

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 1 month ago

🌟/impact just airdropped 250,000+ $degen to 1800+ casters for their impactful contributions on Farcaster Check the frame (or basescan) for your reward https://basescan.org/tx/0xd76897a849539cc8cbbd53f6c847ccf5ac95061428f9ba921a6d482c4e12c86e https://impact.abundance.id/~/ecosystems/abundance/rewards-v1?fid=9326

Pika.eth 🎩Farcaster
Pika.eth 🎩
Commented 1 month ago

Received mine❀️

Babak 🎩Farcaster
Babak 🎩
Commented 1 month ago

thanks my dear i recived

Duxander.base.eth |πŸ”΅Farcaster
Duxander.base.eth |πŸ”΅
Commented 1 month ago

Yey!! Awesome!

squishna 🎩Farcaster
squishna 🎩
Commented 1 month ago

Amazing. Thank you. Can’t share from the frame for some reason.

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 1 month ago

🧐

HarryFarcaster
Harry
Commented 1 month ago

/impact multi-tip: 116 $HUNT /impact rewards you for your impact

Classe πŸŽ©πŸ–πŸŽ–οΈπŸ“Farcaster
Classe πŸŽ©πŸ–πŸŽ–οΈπŸ“
Commented 1 month ago

πŸ₯° thanks a lot! (I don’t feel I’m worth it at the moment, been too absent lately). Great work as always Mike!

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 1 month ago

πŸ’œπŸ’œ!

Himmamari.base.ethβ“‚οΈπŸŽ©πŸ”΅Farcaster
Himmamari.base.ethβ“‚οΈπŸŽ©πŸ”΅
Commented 1 month ago

Thank you so much /impact 🫢πŸ₯°πŸ’œ

RockymoonfacedFarcaster
Rockymoonfaced
Commented 1 month ago

Huge! How do I sign up?

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 1 month ago
RockymoonfacedFarcaster
Rockymoonfaced
Commented 1 month ago

On it 🀝🏼

ZAN 🎩 πŸ₯šFarcaster
ZAN 🎩 πŸ₯š
Commented 4 weeks ago

/impact multi-tip: 20 $HUNT /impact rewards you for your impact

RyzNFarcaster
RyzN
Commented 1 month ago

Received thanks sir

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 1 month ago

only took a few months but Impact is finally experiencing some "serious" fraudulent staking - 30+ users staking $impact w/o regard to the cast's contribution to the ecosystem of course there's no benefit to doing this on Impact. Your stake will just be slashed, your allowance is reduced & you lose Impact Rewards 🀷

Jacque(she|her)Farcaster
Jacque(she|her)
Commented 1 month ago

well damn sorry been a bit busy to look at the staking tho it really wouldnt help since i would be out of points before downvoting all of that dribble

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 1 month ago

all is good. system works as intended. points downvoted, users lost allowance etc & will not be getting daily rewards..

squishna 🎩Farcaster
squishna 🎩
Commented 1 month ago

If you want to point out any bad actors, I can support.

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 1 month ago

appreciate the help @squishna! https://farcaster.xyz/abundance/0xdc20353b

mark mollΓ©Farcaster
mark mollΓ©
Commented 1 month ago

fascinating. how to build the positive some game when so many are emotionally locked in zero sum thinking. buckminster fuller had his ideas. james carse had his ideas. and vitalik has his ideas. but is it about tech or profound emotional transformation?

adrijan.base.ethFarcaster
adrijan.base.eth
Commented 1 month ago

But if you reduce allowance to users, than that user u get their allowance to distribute to users what is they stop living allowance to impact, i every day let all my allowance to Impact 93 so impact can grow, rules need to be more clearer sorry but you reduce my impact and im only here new, my gf is ill so i got so little time to do all here becose i need take care for her

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 1 month ago

downvotes reduce $impact allowance (not $degen) and upvotes increase it. Users need to stake on impactful content, otherwise others may downvote their content. you can see these rules in the Impact Guide: https://paragraph.com/@abundance/impact-guide

adrijan.base.ethFarcaster
adrijan.base.eth
Commented 1 month ago

adrijan.base.ethFarcaster
adrijan.base.eth
Commented 1 month ago

You punish me for contributong every day to impact great now im thinking to living it

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 4 months ago

Question to Impact curators & users: which current functionality of Impact v1 frames do you believe would be improved if we used a v2 frame instead? Or, what functionality that currently doesn't exist in the system could be made possible thanks to a v2 frame?

Chloe `βœ¦Λ‘ Φ΄ΦΆ π“‚ƒβŠΉFarcaster
Chloe `βœ¦Λ‘ Φ΄ΦΆ π“‚ƒβŠΉ
Commented 5 months ago

I'm supporting great builders & creators on /impact by @abundance. πŸ’ž My latest picks feature @ogebaeby, @reinasalti, @avauniverse111, @awkquarian & @jacque Explore my curation and support the nominees here: https://impact.abundance.id/~/ecosystems/abundance/curation-v1?id=67b334789e04d91f67f6114f

jessyfriesFarcaster
jessyfries
Commented 5 months ago

I don’t get how this works

Chloe `βœ¦Λ‘ Φ΄ΦΆ π“‚ƒβŠΉFarcaster
Chloe `βœ¦Λ‘ Φ΄ΦΆ π“‚ƒβŠΉ
Commented 5 months ago

same im still exploring but @jacque put me on hehe. allows me to multi tip all my nominees in degen in 1 go but I don’t really understand staking the IMPACT on casts yet

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 5 months ago

Welcome onboard! :) Check out the guide or the first part of the community call where I go over how to use Impact. Would love to help out if you have any questions https://paragraph.xyz/@abundance/impact-guide https://warpcast.com/abundance/0xdb0d3a2d

saltΓ―Farcaster
saltΓ―
Commented 5 months ago

Thank you for the support, gorgeous βœ¨πŸ’—

Chloe `βœ¦Λ‘ Φ΄ΦΆ π“‚ƒβŠΉFarcaster
Chloe `βœ¦Λ‘ Φ΄ΦΆ π“‚ƒβŠΉ
Commented 5 months ago

alwaysssss!!!<3

AVA 🎩🌸Farcaster
AVA 🎩🌸
Commented 5 months ago

This is amazing!!!πŸ’• I need to use this

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 5 months ago

What is your top feature request for Impact Alpha?

Callum Wanderloots ✨Farcaster
Callum Wanderloots ✨
Commented 5 months ago

Ahh what is that? :)

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 5 months ago
Callum Wanderloots ✨Farcaster
Callum Wanderloots ✨
Commented 5 months ago

Thanks! Will read later 🫑 Very much interested in diving deeper to what you’ve been building, will put a lot more thought into it after my vacation :)

Jacque(she|her)Farcaster
Jacque(she|her)
Commented 5 months ago

Giving gives back! Have you joined /impact yetβ€½ I just claimed 426 $degen in Impact Rewards for contributing to /impact (frame by @abundance) /impact gives out daily rewards to those who curate, auto-fund or invite contributors to use Impact Alpha. Check your reward here πŸ‘‡ https://www.sound.xyz/jacquec/kintsugi?referral_source=link

PichiFarcaster
Pichi
Commented 5 months ago

Is there a quick start guide or video for new folks?

Jacque(she|her)Farcaster
Jacque(she|her)
Commented 5 months ago

@abundanceβ€½

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 5 months ago

Sure ~ Guide: https://paragraph.xyz/@abundance/what-is-impact Video walkthrough (first part of the community call) https://youtu.be/klGxuzWiQDs?si=KEqtZ65PRMQ6m4jN

Jacque(she|her)Farcaster
Jacque(she|her)
Commented 5 months ago

TY

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 5 months ago
PichiFarcaster
Pichi
Commented 5 months ago

THANK YOU!!!

Amir TabπŸ“ΈπŸŽ©Farcaster
Amir TabπŸ“ΈπŸŽ©
Commented 5 months ago

Congrats

ArtStudio48Farcaster
ArtStudio48
Commented 5 months ago

Wow, well done πŸ’

πŸ’Ό Gig.botFarcaster
πŸ’Ό Gig.bot
Commented 5 months ago

Awesome to see Impact Rewards driving contributions. Incentive models FTW! πŸ’Έ 121.20 $TIP_DEGEN gigbot.xyz/claim

leopastel.ethFarcaster
leopastel.eth
Commented 6 months ago

β€œalligator” (demo version) is here 🐊 i worked with the /yellow community at the end of 2024 to create 5 songs based on traits from their NFT collection revenue will directly support production & marketing costs toward a streaming release listen to the full song & mint on zora! https://bit.ly/4ayckAn

leopastel.ethFarcaster
leopastel.eth
Commented 6 months ago

huuuuuuge thanks to @toadyhawk.eth for bringing this all together, @sloppy for making this awesome animation, and everyone in the @basedandyellow community for being the inspiration behind this song!

Jacque(she|her)Farcaster
Jacque(she|her)
Commented 6 months ago

Okay EPIC

leopastel.ethFarcaster
leopastel.eth
Commented 6 months ago

thank you!!!

Sean Wince 🎩Farcaster
Sean Wince 🎩
Commented 6 months ago

/microsub tip: 457 $DEGEN

SnobiFarcaster
Snobi
Commented 5 months ago

Great work!

JeyFarcaster
Jey
Commented 6 months ago

I'm tipping: 3 $HUNT via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster

BizarreBeastsFarcaster
BizarreBeasts
Commented 6 months ago

I'm tipping: 15 $DEGEN 18 $HUNT via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster

$DEGEN Tip BotFarcaster
$DEGEN Tip Bot
Commented 6 months ago

βœ… 15 tipped βˆ™ 1 038 remaining 200 / 1 238 (16%) 🟩🟩⬜⬜⬜⬜⬜⬜⬜⬜

Ann / YuyarikunafilmsFarcaster
Ann / Yuyarikunafilms
Commented 6 months ago

Amazig work!!!! πŸ‘ŒπŸ’›πŸ’›

leopastel.ethFarcaster
leopastel.eth
Commented 6 months ago

thank you! 🌟

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 8 months ago

Want to get started with /impact but not sure how? The ultimate /impact guide just dropped πŸ‘‡ https://paragraph.xyz/@abundance/impact-guide

downshift πŸŒΉβ³πŸ’€Farcaster
downshift πŸŒΉβ³πŸ’€
Commented 7 months ago

/microsub tip: 310 $DEGEN

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 7 months ago

Ty downshift! πŸ‘‘

Jacque(she|her)Farcaster
Jacque(she|her)
Commented 7 months ago

@paragraph please make links clickable in the mini app

Jacque(she|her)Farcaster
Jacque(she|her)
Commented 7 months ago

cc @plantsnft Mike just wrote this a few days ago. LMK what other questions you have

Amir TabπŸ“ΈπŸŽ©Farcaster
Amir TabπŸ“ΈπŸŽ©
Commented 7 months ago

I'm tipping: 10 $HUNT via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 7 months ago

πŸ’šπŸ’šπŸ’š!

SamaliaghatFarcaster
Samaliaghat
Commented 6 months ago

I'm tipping: 7 $DEGEN 10 $HUNT via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 6 months ago

πŸ™πŸ™

LeeFarcaster
Lee
Commented 7 months ago

Bookmarked it. Thanks Will read it when home πŸ™

Sofi 🎩Farcaster
Sofi 🎩
Commented 8 months ago

πŸ™ŒπŸ™Œ Thank you for the guide!

Sofi 🎩Farcaster
Sofi 🎩
Commented 7 months ago

I'm tipping: 10 $DEGEN via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 7 months ago

πŸ™πŸ’œ!

Sofi 🎩Farcaster
Sofi 🎩
Commented 7 months ago

I'm tipping: 3 $DEGEN via Abundance Ecosystem on /impact /impact lets you earn curator rewards while supporting your favorite creators & builders on Farcaster

Mike | Abundance 🌟Farcaster
Mike | Abundance 🌟
Commented 7 months ago

πŸ’œπŸ’œ!

Sofi 🎩Farcaster
Sofi 🎩
Commented 7 months ago

πŸ™

Magical Bunnie ArtistFarcaster
Magical Bunnie Artist
Commented 6 months ago

thanks sofi for select my contributions to abundance ecosystem GM and goo new start of year!

JacqueFarcaster
Jacque
Commented 7 months ago

Test 3$hunt

/impact guide